Skip to main content

Featured

Budget Day 2026: What a $63B+ Deficit Means for Your Wallet

  Canadian Money Brief • Thursday, November 5, 2026 Ottawa tables its second Carney-era budget today. Almost everyone expects big spending. Hardly anyone expects it to help their own bank account. Here is what the numbers say, and what to do about it. Finance Minister François-Philippe Champagne says today’s budget is about “changing Canada’s growth model”: less reliance on the U.S., more building at home. That is a big-picture pitch. Your household budget is a small-picture problem, and a new Abacus Data poll shows the gap between the two is wide. The poll in one line: only 10% of Canadians expect Budget 2026 to make their household better off. 30% expect to be worse off, and 48% expect little difference. (Abacus Data, 1,809 adults, Oct. 30 to Nov. 3.) The deficit, in plain numbers The Parliamentary Budget Officer (PBO) is the government’s independent fiscal referee. Its latest outlook, which predates the budget and only counts measures already announced, sets the stage: PBO proj...
Post a Comment
Read more

article

Labels

Futures Hold Steady as Wall Street Awaits Key Fed Minutes

US stock futures were largely unchanged early Tuesday as investors prepared for one of the final major catalysts of the year: the release of the Federal Reserve’s December meeting minutes. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq hovered near the flatline, signaling a cautious tone after a modest tech-led pullback to start the week.

Monday’s session saw all three major indexes slip, with megacap names like Nvidia and Tesla leading declines amid a mild rotation out of tech stocks. The dip comes as traders reassess positions heading into the final days of 2025, a year marked by strong gains across equity markets.

The upcoming Fed minutes are expected to offer deeper insight into policymakers’ thinking after the central bank delivered its third consecutive interest rate cut in December while hinting at a potential pause ahead With only weekly jobless claims left on the economic calendar before year-end, Tuesday’s release could shape market sentiment as investors look toward 2026.

Despite the recent cooling, Wall Street remains on track to close out the year with substantial gains, supported by robust performance in AI-driven tech and resilient consumer demand.


Labels:

Comments

Post a Comment